Charitable giving to colleges and universities totaled a record $59.5 billion in fiscal year 2022—representing a 12.5% increase, the largest bump in higher ed philanthropy in more than two decades, according to new data from the Council for Advancement and Support of Education. It’s also the most, in dollar terms, that’s ever been given, even after adjusting for inflation.
Colleges generally report on a fiscal year ending June 30th. That means they can thank a strong stock market in December 2021, when many wealthy donors look to make tax deductible gifts of appreciated stock, for a rise in 2022 donations.
